On Tuesday, CKX Land (CKX) spiked up in price from $13 to $24.50 per share leaving me flabbergasted and a little wealthier. I dumped my entire position and then watched it fall back to the $14 range. So what’s the answer to the mystery? It’s an oil and gas company!! Every small cap energy stock out there spiked up in price. It was my mistake to try to find a fundamental reason behind it. Oh wait...the price for an asset always reflects its fundamental value, doesn't it? There's never any speculative money pushing the price up above its intrinsic value? No way, that couldn't happen.

Here are some others that spiked up.